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Even those with strong charitable intents (religious or otherwise), actually fail to provide for the charities of their choice at death. In essence their charitable intent is often ignored, and it is usually by mistake! I was reading a Last Will and Testament of a high net worth client the other day, and came across a Continue reading Don’t Accidently Forgo Your Charitable Intent at Death  Regardless of whether you know it or not you have a Will – the Will is called Intestate Distribution and is determined by the State Legislature. When one dies without a Will it is often said he or she died intestate, and their Will enters Intestacy. I am sure different parts of the country refer to Continue reading What is Intestacy? Don’t Let the State Determine Where your Assets Go! 
I truly believe that everyone needs a will and have provided reason after reason why you need to create a Last Will and Testament ASAP. These reasons include: Proper Distribution of Assets – Both in terms fo what you want and what is most efficient Continue reading Determining your Testamentary Intent and Avoiding Common Mistakes  In the past I have discussed Who Needs a Will? hint: Everyone and have provided 10 Reasons why YOU need a Will As Soon as Possible but something occurred to me, not everyone knows the requirements to create a valid Will in their state. I was discussing the possibility of drafting a Will for someone, when Continue reading Is your Hand Written Will Unenforceable? Does your State Recognize Holographic Wills? August 19th, 2009 | Tags: Estate Planning, holographic will, Will | Category: Estate Planning | 7 comments
 Was reading a trade publication today called Trusts and Estates Magazine, I LOVE this magazine – it is a wealth of information written by tax professionals for tax professionals. Most of the info in there is not approprioate for a personal finance blog…not because it is not interesting, but rather, it is written for those Continue reading Who is Going to Take Care of your Pet IF you Die?  Napkin Math Uploaded by Zehran on Flickr On a daily basis I have to turn complicated tax issues into a simple discussion. A discussion that I have to discuss/teach very often is the Federal Estate Tax. Before we discuss the easy way to determine your Federal Estate Tax bill some caveats: The calculations below are commonly Continue reading Simple Explanation of the Federal Estate Tax September 8th, 2008 | Tags: Estate Planning, Estate Taxes, Will | Category: Estate Taxes | 9 comments
This is my 3rd post in this Will Series – The By Pass Will. If you want to check out the previous two posts they are: Every one Needs a Will The type of Will I am going to Explain�has many many names, but a few of the more common ones Continue reading Tax Sensitive Will a/k/a By Pass Will August 11th, 2008 | Tags: By Pass Will, Credit Shelter Trust, Estate Planning, Will | Category: Estate Planning | One comment
 This is the second part in my series on Wills. Before going into the types of Wills, remember that everyone needs a will. The easies type of Will is known as a Simple Will a/k/a “The I Love You Will” (I will use them interchangeably). Continue reading A Simple or I Love you Will August 7th, 2008 | Tags: Estate Planning, Intestacy, Spendthrift, Trust, Will | Category: Estate Planning | 3 comments
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